Deposit Term

The Deposit Term product is a ten year modified term insurance plan.  United Agents Alliance, LLC. has marketed Deposit Term products for more than 30 years with a variety of carriers.  The product is a great alternative to traditional cash value plans.  By separating the accumulation from the insurance plan, the policy owner is able to have flexibility over both insurance and accumulation options.

The first year premium paid goes either totally or in part to the insurance plan.  Any additional amount paid above the insurance premiums will be deposited into the side fund.  In the second year, the life insurance premium drop to approximately half of the first year.  The total payments continue at the same amount paid in the first year with the difference in premiums going towards the owner's chosen accumulation option.

At the end of the ten years, the Deposit Term plan returns an endowment, which is also returned as an additional death benefit should the client pass away during the ten year period.  This is a tax-free benefit equal to approximately 2½ times the difference between the first and second year premium.

The plan has several options available.  Each option is guaranteed to the insured without having to prove insurability.  The client may renew the plan for another ten years, up to age 70.  This option effectively begins the plan over again allowing the client their full options again at the end of that ten year period.  The second option is to let the plan continue as a Decreasing Term to Age 100 plan. 

Unlike Universal Life or Whole Life plans, if the owner wishes to discontinue their insurance and continue their accumulation, they can.  Alternatively, if the owner wishes to discontinue their accumulation and keep their insurance, this option is available to them without impacting their death benefit.

Available Riders

	Waiver of Premium
	Monthly Disability Income
	Critical Illness
	Guaranteed Insurability (up to double the face amount without proving insurability)
	Accidental Death
	Family Coverage (Children only, or Spouse and Children)
	Additional Coverage (additional 10 year terms on the primary or an additional insured)

Another Accumulation Products

High Commissions with Daily Advances!

Information Request Form

Select the items that apply, and then let us know how to contact you.

Send product literature for the Deposit Term

Send product literature for other Accumulation Products
Have a Marketing Representative contact me
Senior Products
Critical Illness Plans
Simplified Issue Term
Deposit Term
Single Premium Whole Life
Guaranteed Issue Whole Life
Universal Life

Name
Address
E-mail
Phone
Additional Comments